Banks

Barclays research finds average ratio one-third of what banking regulator expected, flags issues with SME and non-EU exclusions.

The portfolios could lose up to 10 percent of their value under an adverse climate scenario.

Open-access tool allows users to explore effects of shocks caused by macroeconomic factors, as well as transition and physical risks.

MDBs undertaking transition from disclosing under TCFD framework, EBRD flags plans to align with future ISSB standards.

The latest ESG movers and shakers: GIC appoints Chew as head of sustainability; JP Morgan AM promotes Wu to chief global sustainable investing strategist.

The body and the Japanese government have started talks over verification of future issuances.

Industry body also issues guidance on 'green-enabling' projects, while SLB KPI registry sees biodiversity updates.

Europe’s central bank says it will take ‘remedial action' on pathway deviations as staff pension fund almost entirely ditches fossil fuels.

Stricter language around the limits of member collaboration has also been introduced.

The group also said it was 'concerned' about financial sector exclusions in the EU’s CSDDD.